Comfortably. Hawkish headlines on china and weak Economic Data both weighing on market sentiment. The dow is down 300 points yearly it was down 350 about 20 minutes ago. We have 59 minutes left in the session. Big show coming up four. A true 2020 winner, et ceteray stock is up 250 this year we will talk to the ceo Josh Silverman about the holiday crunch and whether his companys momentum can continue. And arthur blank, cofounder of home tee poe, owns the Atlanta Falcons and atlanta mls team as well lets focus first on the stories we are watching today. Mike santoli is tracking the Market Action into the close meg tirrell has a vaccine update and phil lebeau has an update on nikola, that stock down020 today. Mike santoli first to you and the markets. A mild shake of the tree. Indexes backing off. Some of the stuff that was up the most this month is down the most today seems like a little bit of trimming there are probably unbalanced portfolios there you have we are roughly capped we were
13 days out to the election. Weve got lots in this hour. Wendy schiller of Brown University will join us on the changing political landscape. There is Market Movement today. We will talk equities in a moment with james bevan. I love his work on a more longterm perspective. Lets go shortterm. Where in the bond market argue focused . Jonathan long end, of course. Front end anchored, a bit of a snooze. And youre starting to break out a bit over the last 24 hours, just north of 80 basis points. Just around 95 was the intraday high in june. We have not reclaimed that level. Whenever we see a price move like this, it is a bit more fuel for the reflation narrative. It is price first, narrative second. Tom i saw just a little bit breaking out to higher inflation. What is the significance of the vanilla spread, the difference between the 10 year and the twoyear yield, back to march of 2018 . Jonathan jonathan steeper, and the five year versus the 30 year, also steeper. I think weve got to get m
Representative be waived onto their Committee Without objection so ordered. Welcome to our hearing on recent developments and i now recognize myself for an Opening Statement and then the Ranking Member. Does the chairwoman wish to have an Opening Statement . I will recognize her with your permission our colleague will also have an Opening Statement. The Postal Service is the crown jewel of the federal i government serving every household every day 630,000 brave individuals at every district and according to pew research 91 percent of americans have a favorable view of the Postal Service. Leaps and bounds above that of any other federal entity. During the coronavirus pandemic the Postal Service value is greater than ever as a formal component and serving as a linchpin nations responsee pandemic. Found 2020 harris poll that the Postal Service ranked as the most Important Company to americans during the pandemic because it is a constant in our lives. That ings companies it outranks compan
Instituted. This is two and a half hours. The committee will come to order. Without objection, the chairman is authorized to declare a recess at any time. The chair asks that ms. Debbie ms. Scanlan,ultz, else mr. Cooper, ms. Debbie Wasserman Schultz, and representative mary gay scanlon, b waved onto the committee. Without objection, it is so ordered. I now recognize myself for an Opening Statement, then i will record as the Ranking Member. I have agreed is the chairwoman on . Chairwoman wish to have an Opening Statement . I will recognize her, with your after. Ion, mr. Hice, lawrence, i will recognize. If somebody else on your side wants to have additional. The Postal Service is the crown jewel of our federal government. It serves every household and business every day. 630,000 brief individuals who live in every congressional district. According to pew research, 91 of americans have a favorable view of the Postal Service. Leaps and bounds above that of any other federal entity. During
Mail, Committee Members asked witnesses about mr. Dejoys ownership of a company that contracted its services to the usps. The chair would ask without objection that ms. Debbie wassermanschultz i got it right here. Ms. Cooper and representative mary gay scanlon beor waived on the committee. Without objection, it is so ordered. I want to welcome everyone to s our hearings on recent developments regarding the Postal Service and i now recognize myself for an Opening Statement and i will recognize the Ranking Member for his Opening Statement. I have agreed is the chairwoman on . Does the chairwoman wish to have an Opening Statement . Ill recognize here with your permission after myself. O our colleague ms. Lawrence is going to issue have an Opening Statement. I will recognize if somebodyv on your side wants to have additional okay. That would be fine. The cr you justow let me know. Okay. Theit s Postal Service is the crowned jewel of our federal government. It emplo serves every household b